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    Share price of IRCTC falls as Sensex drops 324.04 points

    Synopsis

    A total of 15,289 shares changed hands on the counter till 11:38AM (IST)

    European sharesGetty Images
    Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
    Share price of Indian Railway Catering & Tourism Corporation Ltd. dropped 0.83 per cent to Rs 620.6 at 11:38AM (IST) in Wednesday's trade. The scrip hit a high of Rs 628.35 and low of Rs 620.5 so far during the session. The stock had closed at Rs 625.8 in the previous session.

    The counter had a total traded volume of 11:38AM shares so far with a turnover of Rs 0.96 crore on BSE. The stock traded at a price-to-earnings multiple of 52.94 and a price-to-book ratio of 6.58.

    A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Indian Railway Catering & Tourism Corporation Ltd. belongs to the Travel Agen. / Tourism Deve. / Amusement Park / Catering industry.

    Promotor/FII Holding
    Promoters held 62.4 per cent stake in the company as of 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 6.53 per cent and 9.92 per cent, respectively.

    Key Financials
    The firm reported consolidated sales of Rs 948.82 crore for the quarter ended 31-Dec-2022, up 14.07 per cent from the previous quarter's Rs 831.8 crore and up 70.49 per cent from the year-ago quarter's Rs 556.51 crore.

    Its profit for the latest quarter stood at Rs 255.53 crore, up 22.37 per cent from the same quarter a year ago.
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